Cryptocurrency is a ‘Token’, We Won’t Call it a Currency: South Africa’s Central Bank BySamburaj DasPRO INVESTOR Updated: 02 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage South Africa’s central bank is choosing to call cryptocurrencies like bitcoin as ‘cyber-tokens’ rather than currencies, arguing they do not ‘meet the requirements of money’. The South African Reserve Bank (SARB), the country’s central bank, prefers to see cryptocurrencies as ‘tokens’ rather than currencies according to deputy governor Francois Groepe. As things stand, the authority The post Cryptocurrency is a ‘Token’, We Won’t Call it a Currency: South Africa’s Central Bank appeared first on CCN Join Our Telegram channel to stay up to date on breaking news coverage
